shibor

Test of the Expectation Theory of the Term Structure of Shibor

基于Shibor的利率期限结构预期理论研究

On the Application of Shibor Pricing Theory Model

Shibor定价理论模型研究及其应用

SHIBOR benchmark interest rate feature is not yet fully realized .

HIBOR的基准利率功能尚未充分发挥。

Federal funds rate : Development and implication for promoting Shibor (ⅱ);

联邦基金利率发展经验及对Shibor推广的启示（下）

Finally , we proposed pertinent policy recommendations to improve SHIBOR .

针对检验结果，最后提出了改进SHIBOR的政策建议。

SHIBOR Interest rate sequence variance equation based on normal distribution exist obvious asymmetric effect .

基于正态分布的SHIBOR利率序列方差方程存在明显的非对称效应。

SHIBOR has its own advantages compared with the previous benchmark interest rate .

相较之前的基准利率，SHIBOR有其自身独有的优势。

An Empirical Study of the Relationship Between Interbank Payment Flows and SHIBOR

银行间支付流与同业拆借利率之关系的实证研究

Discussion on the promotion of Shibor pricing mechanism

关于推广Shibor交易定价机制的探讨

The paper explores the relationship between interbank payment flows in China 's Large Value Payment System and SHIBOR .

本文研究了我国大额支付系统中银行间支付流与银行间同业拆借利率之间的关系。

However , there were many economic experts at one time questioned the status of SHIBOR for its reference consistency .

但是，也有诸多专家对SHIBOR的基准地位提出质疑。

In the short run , small banks are more sensitive to SHIBOR and DRR .

短期条件下，小型银行对同业拆借利率和存款准备金率更为敏感。

Also analyzed Shibor as our benchmark money market interest rates and the possibility of the recommendations made to improve Shibor .

同时分析了Shibor作为我国货币市场基准利率的可能性并提出了完善Shibor的建议。

A Research on the Establishment of Shibor 's Benchmark Rate Status and the Impact on the Conduction Efficiency of China 's Monetary Policies

Shibor基准地位确立及对我国货币政策传导效率影响研究

The chapter makes a summary of the tests above and puts forward five pieces of suggestion in order to improve shibor formation .

本部分主要针对实证分析进行总结，进而提出完善shibor形成机制的五点建议。

By comparing , the regime switching model is more suitable for characterizing the effect of LIBOR to SHIBOR .

对比发现，局面转移模型比线性回归模型更加适用于刻画LIBOR对SHIBOR的影响关系。

In the fifth chapter , the main job is using the GARCH models to do the interest rate risk measurement empirical analysis based on SHIBOR yield data .

在第五章中，用GARCH族模型来对SHIBOR对数收益率数据进行利率风险度量的实证分析。

So this paper explore the effectiveness of the SHIBOR in the money market of our country from these four basic attributes through theoretical and empirical aspects comprehensively .

因此本文就从这四个属性的角度出发，从理论和实证两个方面全面探究SHIBOR作为我国货币市场基准利率的有效性。

And all this while short-term liquidity , in the form of Shibor , the main Shanghai interbank rate , continues to tighten .

而这一切发生的同时，短期流动性以上海银行间同业拆放利率（Shibor）衡量继续收紧。

In the first half year of 2007 , central bank made relevant prescripts : ShangHai Inter-Bank Offered Rate ( SHIBOR ) will be fostered into BIR .

在2007年上半年，中央银行发表了相关规定：将把上海银行间同业拆借利率（SHIBOR）培育成中国的基准利率。

Under the basis understanding of GARCH models , the first step is to ensure the autoregressive moving average model in the SHIBOR sample sequence is the AR ( 1 ) .

在对GARCH族模型基本思想了解的基础上，首先确定了SHIBOR样本序列的自回归移动平均模型为AR（1），并得出结论：AR（1）基本满足平稳的要求，且不存在序列相关。

Therefore , Shibor is made as important reference index for CP pricing , which is in favor of quantitative credit risk premium and enhances the rationality of determine the CP interest .

因此，将Shibor利率作为短期融资券发行定价的重要参考指标有利于量化信用风险溢价，增强短期融资券利率确定的合理性。

The first section analyzes the rationality of SHIBOR to be the benchmark interest rate theoretically ; the second section introduces the related data and their sources ; the third section is the empirical part .

第一部分是从理论上分析SHIBOR作为基准利率的合理性；第二部分介绍了实证检验使用的相关数据及其来源；第三部分展开具体实证分析。

In order to test the effectiveness of SHIBOR to be the benchmark interest rate more effectively , SHIBOR is divided into short-term and long-term parts to analyze its effectiveness in this paper .

为了更好地检验SHIBOR作为基准利率的有效性，本文将其划分为短期和中长期两种，并分别对其有效性进行分析。

And then various aspects in short-term interest rate characteristics have empirically researched with five GARCH type models , obtained the best model on simulation SHIBOR overnight rate sequences and sequences of the week fluctuations in interest rates .

然后借助五种GARCH类模型对上海银行间同业拆放短期利率各个方面的波动特征进行实证研究，得出模拟SHIBOR隔夜利率序列及一周利率序列波动最佳的模型。

In the interest rate market backdrop , the term structure SHIBOR other transactions will continue to increase interest rates on the interbank market risk measurement model needs to be improved , using a wide range of copula function model .

在利率市场化的大背景下，其他期限结构的SHIBOR交易将会不断增加，关于同业拆借市场利率风险的度量需要改进模型，采用多元化的copula函数模型。

First select SHIBOR market transactions account for the vast majority of the overnight interest rate as a measure goals and seven fat tail phenomenon exists , and there is conditional heteroscedasticity , GARCH process are met .

首先选取SHIBOR市场中交易量占绝大多数的隔夜和七天利率作为度量目标存在尖峰厚尾现象，并存在条件异方差，均满足GARCH过程。

Also , the empirical study shows that all three shibor has the phenomenon of volatility clustering , and the asymmetry in volatility caused by good and bad news , and the emerge of jumps can easy the asymmetry .

实证结果也显示三个期限shibor都存在波动聚类的现象，以及由利好和利空信息引起的波动存在不对称性，同时跳跃的发生对好坏信息引起的波动不对称性有所缓解。

SHIBOR provides a good choice for benchmark interest rates in the currency market . It prepared the ground for establishing perfect interest rate system and is a crucial step in the process of the Marketization Reform of Interest Rate in our country .

所以说，SHIBOR的推出，为货币市场基准利率提供了一个很好的选择，从而为我国建立完善的利率体系奠定了基础，进而对利率市场化改革起到了巨大的推动作用。

The PBoC seems to have learned from the June 2013 Shibor scare , but it is still unclear how monetary tightening against a backdrop of potential defaults in corporate bonds this year will unfold .

中国人民银行似乎已经汲取了2013年上海银行间同业拆放利率恐慌的教训，但尚不清楚在公司债券方面针对潜在违约的货币紧缩政策将如何展开。